News

Bitcoin rallies 17% in the last 7 days

November 11, 2024 2 mins read

Donald Trump’s recent victory in the U.S. presidential election ignited a significant surge in the cryptocurrency market, with Bitcoin (BTC) reaching an all-time high and pushing the total market cap of crypto beyond $2.7 trillion. Bitcoin alone now boasts a market cap of $1.16 trillion, making it the ninth-largest financial asset globally. Over the past week, Bitcoin experienced a remarkable 17% increase, marking its second-best weekly performance of the year,

Bankrupt crypto exchange FTX sues ex-Binance CEO CZ for nearly $2 billion

November 11, 2024 1 min read

The bankrupt cryptocurrency exchange FTX has initiated legal proceedings against its competitor Binance and its former CEO, Changpeng “CZ” Zhao. This action stems from allegations that FTX’s former CEO, Sam Bankman-Fried, engaged in a fraudulent buyout of Binance’s shares in FTX back in July 2021. Bankman-Fried’s plan involved using FTX’s own token, FTT, along with Binance’s coins, BSB and BUSD, to fund a purchase valued at approximately $1.76 billion. However,

Over $300M in short positions liquidated as Bitcoin surges above $80K

November 10, 2024 1 min read

Bitcoin (BTC) has made headlines by surpassing the $80,000 threshold for the first time ever, thanks to a surprising surge over the weekend that led to the liquidation of $300 million in bearish trades. This 5% increase has pushed its weekly gains to over 16%, coinciding with significant political and economic events, including Donald Trump’s election as U.S. president and a 25 basis point rate cut by the Federal Reserve—both

Bitcoin trading volume hits over $62 billion after BTC surges over $80K

November 10, 2024 1 min read

Bitcoin has made headlines today by hitting a remarkable all-time high of over $80,000, currently trading at around $79,688. This represents a modest increase of 0.96% over the last 24 hours, with a trading volume nearing $62 billion, bringing its total market capitalization to an impressive $1.52 trillion and a market cap ratio of 3.38%. The recent surge in Bitcoin’s price reflects strong demand, bolstered by positive technical indicators and

SHIB burn rate jumps by 1330%, burning over 34 million tokens

November 9, 2024 1 min read

The Shiba Inu community is buzzing with excitement as the burn rate of SHIB tokens has skyrocketed by an impressive 1330%. In just 24 hours, a staggering 34,912,694 SHIB tokens were burned, which is a promising sign for investors. This reduction in supply could enhance the token’s scarcity, potentially driving up its value. Currently, SHIB is trading at $0.00001947, reflecting a 2.36% increase over the past day. The market capitalization

First Neiro On Ethereum (NEIRO) reaches a new all-time high of over $0.0025

November 9, 2024 1 min read

On Friday, Bitcoin (BTC) maintained its position around $76,000 during Asian trading hours, following a remarkable peak of $77,183. Other prominent crypto like Ethereum (ETH), Solana (SOL), Cardano (ADA), and Chainlink (LINK) also experienced gains, contributing to an overall Market Fear & Greed Index score of 72, indicating a sentiment of greed among investors. In the midst of this bullish trend, a new memecoin called First Neiro On Ethereum (NEIRO)

Nearly $4.6 billion in Bitcoin and Ethereum options expire today

November 8, 2024 1 min read

Today marks a significant moment in the cryptocurrency world, with nearly $4.6 billion worth of Bitcoin (BTC) and Ethereum (ETH) options set to expire. This event comes on the heels of the recent US elections and updates from the Federal Open Market Committee (FOMC), which could lead to increased market volatility. Analysts are predicting a flurry of activity as traders make strategic adjustments as the year comes to a close.

Cronos Labs announces an expansion of its strategic partnership with Google Cloud

November 7, 2024 2 mins read

Cronos Labs, a startup accelerator dedicated to expanding the Cronos blockchain ecosystem, has announced an exciting enhancement to its partnership with Google Cloud. This collaboration positions Google Cloud as the main cloud provider for Cronos, focusing on four key areas: onboarding Google Cloud as a validator, driving technical innovation, boosting developer engagement at the intersection of AI and blockchain, and creating value for startups in the Cronos Accelerator program. Ken

The crypto market adds over $200 billion as Bitcoin reaches record high

November 7, 2024 1 min read

Today, the cryptocurrency market experienced a remarkable surge, adding over $200 billion to its total market cap. This upswing is largely attributed to growing optimism surrounding the U.S. elections, which has lifted the overall valuation of cryptocurrencies to a multi-month high. Investors are hopeful for continued gains, especially if key support levels remain intact. The favorable election results for Donald Trump have sparked a wave of buying interest, creating a

Mt. Gox moves 32,371 Bitcoin worth around $2.19 billion to two wallets

November 6, 2024 1 min read

The once-prominent cryptocurrency exchange Mt. Gox, which has been defunct since a major hack in 2014, has recently transferred a staggering $2.19 billion worth of Bitcoin to two undisclosed wallets. This transfer included over 30,000 Bitcoin sent to one wallet and an additional 2,000 Bitcoin that was first moved to a cold wallet before reaching another destination. This activity follows a previous transfer of 500 Bitcoin valued at over $35

Bitcoin hits new all-time high of over $75K as Trump dominates

November 6, 2024 1 min read

Bitcoin has recently surged to an impressive new high of over $75,000, largely influenced by a significant $94 million liquidation of bearish positions against it, according to Coinglass data. This spike coincided with early voting results favoring Republican candidate Donald Trump, who is seen as more supportive of the cryptocurrency industry compared to his Democratic counterpart, Kamala Harris. As Trump’s chances of winning the presidency climbed to 85% on betting

exSat Network introduces Bitcoin staking

November 5, 2024 1 min read

The exSat Network unveiled its new exSat bridge, which introduces Bitcoin staking just weeks after its mainnet launch. This feature, according to the team aims to broaden the financial landscape for Bitcoin holders, allowing them to earn yields while still retaining control of their original assets. By staking Bitcoin, users receive a wrapped token called XBTC, which is directly tied to their native BTC on a 1:1 basis. This means